Many Canadians who have owned their homes for more than 10 years likely have a large amount of equity built up due to property appreciation and mortgage principal pay down. What they may or may not know is that they can unlock that equity to purchase an investment property. This can be achieved by setting up a Home Equity Line of Credit (HELOC) to access your equity in your personal home. You can use your HELOC to borrow the 20 to 25% downpayment you would require to purchase an investment property and finance the remaining 75 to 80% with a conventional mortgage. Contact us if you’d like to find out more info about this no money down strategy.